5 Stocks Pushing The Utilities Sector Lower

4. As of noon trading, Targa Resources ( TRGP) is down $0.97 (-1.5%) to $62.80 on average volume Thus far, 186,840 shares of Targa Resources exchanged hands as compared to its average daily volume of 275,700 shares. The stock has ranged in price between $62.50-$63.51 after having opened the day at $63.51 as compared to the previous trading day's close of $63.77.

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid (NGL) services in the United States. Targa Resources has a market cap of $2.7 billion and is part of the utilities industry. The company has a P/E ratio of 69.0, above the S&P 500 P/E ratio of 17.7. Shares are up 18.8% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Targa Resources a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Targa Resources as a sell. Among the areas we feel are negative, one of the most important has been poor profit margins. Get the full Targa Resources Ratings Report now.